Among end-users, the market was segmented into the education sector and others. The education sector is the most dominant, the report said, mainly driven by low prices of interactive whiteboards and their benefits to students in teaching applications.

The report also covered trends driving each market segment and offered analysis on the potential of the whiteboard market across key regions, specifically North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific and the Middle East and Africa. Major countries in each region were also examined.

Asia-Pacific was the largest market for interactive whiteboards in 2015, with an estimated value of $761.3 million in sales. The North America whiteboard market was estimated at $161 million in 2015, and is expected to decline at a compound annual rate of 18.9 percent during the next decade.

The availability of advanced alternative technologies — such as portable projectors, interactive flat panel displays and other interactive screens — with more features and no or very little maintenance costs are key reasons for declining growth in North America, the report said.

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